AuM data
-
AIG turned a $2mn investment loss from its small stake in the ILS manager's funds.
-
The firm's ILS AuM remains at $1.5bn nominally, but reserves pulled deployable capital to $1bn.
-
The (re)insurer also said most of LCM’s investors have appetite to go forward and remain active in the ILS market. -
The manager’s MGA operations boosted ILS revenue despite lower AuM.
-
Parent Lancashire fell to an underwriting loss for the first half after lifting its Covid-19 loss estimate to $42mn.
-
The growth follows the reinsurer expanding its relationship with PGGM.
-
Cat programmes have been completed this year, but a heavy hurricane season could shake up the market, the broker said.
-
The ILS manager is discussing public solutions and expects demand to emerge.
-
KKR described the $4.4bn deal as a “transformative event” and a “highly strategic” investment for the company.
-
Partnerships with the reinsurer and wholesale broker will grant the start-up access to insurance and reinsurance business.
-
The restructure of finances also brings CDPQ in as debt provider and lines up a £300mn+ M&A war chest.
-
Investors collectively tried to redeem more than a third of the $3bn fund.
